In 2019, retail crime remains one of the most serious problems facing superstores, retail chains and grocery stores. How big of a problem is it? Inventory shrinkage costs the U.S. retail industry over $45 billion each year.
Each year the Loss Prevention Research Council (LPRC) hosts the IMPACT Conference, dedicated to sharing the latest research and best practices around preventing shoplifting and organized retail crime. If you’re headed to the University of Florida for IMPACT (September 30- October 2), be sure to check us out in...
Here's your ultimate list of 2017s top retail loss prevention, asset protection and security conferences to network and learn about the latest retail tech.
New data from the National Retail Federation (NRF) shows that retail companies now allocate more resources to technology than to hiring additional staff. Retailers are realizing that, thanks to artificial intelligence, technology solutions can act as a force multiplier, enabling fewer staff members to work far more efficiently. As an example,...
The National Retail Federation recently surveyed 66 retailers about their leading causes of shrink. For the fourth year in a row, external shrink, including shoplifting and organized retail crime (ORC), has surpassed employee theft as the number one cause of inventory shrink. External shrink now accounts for 35.7% of inventory shrink age. Trailing behind are employee theft/internal shrink...
The National Retail Federation (NRF) recently reported that over one third (36.5%) of retail companies are increasing their loss prevention budget in 2018. In fact, only about 20% of retailers are decreasing their LP budget.
Here is a list of the ten items most frequently stolen from retail stores by organized retail criminals. Loss prevention professions should specifically watch these items.
As violent retail crime continues to climb, is face recognition the answer to safeguarding customers and employees? While biometric surveillance has been shown to reduce in-store crime by as much as 91%, concerns about privacy and legality persist. Together with D&D Daily, FaceFirst presents an on-demand retail safety webinar that reveals...
Some of the world’s most successful retail chains are already using facial recognition to transform their loss prevention efforts. And new data from Market Research Future indicates that retail companies are aggressively adopting facial recognition technology. While the largest end users of face identification technology have historically been governments...
Attention loss prevention professionals: do you what your average odds are of catching a shoplifter? According to a recent National Retail Security Survey, the odds of getting caught shoplifting are 1 in 48. And each year, Inventory shrink costs the US retail industry $45.2 billion, according to data from NRF....
If you’re a leader in the food retail industry planning to attend FMI’s ASAP Conference in Orlando, you should be sure to join our Director of Sales, Mark Ebersbach as he gives a presentation on how facial recognition technology for grocery stores is currently revolutionizing food retail security. Mark’s presentation will cover...